Ins. Code, § 10162 · Article 3a. Standard Nonforfeiture Law for Life Insurance
Ins. Code, § 10162
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such that its present value as of such anniversary shall be at least equal to the cash surrender value then provided for by the policy or, if none is provided for, that cash surrender value which would have been required by this article in the absence of the condition that premiums shall have been paid for at least a specified period.
Notes and commentary — not statutory text
History
Added by Stats. 1943, Ch. 955.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=10162.
- Text hash
- sha256 00e5409cbe89bdf21f9361ece1ec89287627d8e346f382a1130c9603e1fd64b1
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 5 provisions
Provisions in this library whose text cites Ins. Code, § 10162. Each shows the citation as that text prints it.
Insurance Code
- Ins. Code, § 10163.3Printed as Section 10160, 10161, 10162, 10163, 10163.1, or 10163.2
- Ins. Code, § 10164Printed as Sections 10161, 10162, 10163, 10163.1, and 10163.2
- Ins. Code, § 10164.1Printed as Sections 10160, 10161, 10162, 10163.2, and 10164
- Ins. Code, § 10165Printed as Sections 10161, 10162, 10163, 10163.1, and 10163.2
- Ins. Code, § 11043Printed as Sections 10161, 10162, 10163, 10163.1, 10163.2, 10164, 10164.1, and 10165
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.